Birdwatch Note Rating
2024-03-18 11:39:40 UTC - HELPFUL
Rated by Participant: 68D24DFA3DF9499B5B42EC6F228FCAB5E2E62919D29DA580FA3B0E9DB437D867
Participant Details
Original Note:
US tax rates for billionaires range from 37% to 51.4% (depending on state), similar to those of EU countries. https://taxfoundation.org/data/all/state/state-income-tax-rates-2024/ https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2024/ Higher EU tax revenues are driven by the use of a national sales tax (VAT) that the US lacks. https://taxfoundation.org/research/all/global/consumption-tax-policies/
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